by Teuvo Tuomi | Jul 31, 2024 | Business, Economy, News, Vietnam
Vietnam’s retail sales and services revenue in the first seven months of this year totaled about VNĐ3.6 quadrillion (US$143.2 billion), up 8.7% year-on-year, the General Statistics Office (GSO) reports. In July alone, the value was VNĐ528.3 trillion, a rise of...
by Teuvo Tuomi | Jul 30, 2024 | Business, Economy, Exports, Indonesia, Manufacturing, News
Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ). The KITB is set to benefit from certain incentives reserved for SEZs. “We...
by Teuvo Tuomi | Jul 29, 2024 | News, Business, Economy, Exports, Vietnam
Vietnam’s exports in July are estimated to have risen 19.1% in July from a year earlier to $35.92 billion, the General Statistics Office (GSO) says. Also the industrial production index rose in July, expanding 11.2% from a year earlier, . Vietnam has been...
by Teuvo Tuomi | Jul 26, 2024 | ASEAN, Business, Climate, Energy, Environment, Indonesia, News, Southeast Asia, Transportation
According to Indonesia’s Coordinating Ministry for Economic Affairs, the country will implement the carbon tax in two phases in accordance with the road map that the government is preparing. “The initial phase of the carbon tax road map is proposed to only...
by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam
The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
by Teuvo Tuomi | Jul 23, 2024 | ASEAN, Business, Crime, Entertainment, Lifestyle, News, Philippines, Southeast Asia
Philippine offshore gaming operators (POGOs) are officially banned in the Philippines, according to President Ferdinand “Bongbong” Marcos Jr. He has instructed the Philippine Amusement and Gaming Corporation to wind down and cease the operations of POGOs by the end of...
